Thyssenkrupp plans to spin off its materials trading division

This move is part of the conglomerate’s ongoing efforts to transform itself into a holding company

The German industrial conglomerate Thyssenkrupp plans to spin off its materials trading division, tk accelis (formerly Thyssenkrupp Materials Services, TKMS). This is stated in a company announcement.

The decision is due to be approved at an extraordinary general meeting of shareholders on 7 August. It is planned to list tk accelis shares on the Frankfurt Stock Exchange by the end of this year.

As Siegfried Russwurm, Chairman of the Supervisory Board of Thyssenkrupp AG, noted, the spin-off of tk accelis marks another important milestone in the future ACES 2030 model. Following the successful listing of TKMS on the stock market last year, the group is consistently continuing its strategic reorientation towards becoming a holding company.

tk accelis entered the market under its new brand on 10 June 2026.

The division procures, sells and processes materials such as steel and alloys, and manages their warehousing. The company has a strong presence in fast-growing sectors such as aviation, defence and data centres, employs over 15,000 people and serves around 250,000 customers worldwide. Its turnover in the 2024/2025 financial year (ending 30 September 2025) amounted to €11.4 billion.

ACES 2030 is Thyssenkrupp’s strategic transformation plan, aimed at transforming the traditional, integrated industrial conglomerate into a streamlined financial holding company. The aim is to spin off individual business segments into strong, independent entities with direct access to capital markets and third-party investment.

It should be noted that Thyssenkrupp Automotive Technology is restructuring its production network in the US. This planned move is intended to strengthen the competitiveness of its North American business.